ADES to pay 22% dividend for H2 2024

24/02/2025 Argaam Exclusive

ADES Holding Co.'s board of directors decided to pay a cash dividend of SAR 0.22 a share, or 21.62% of capital, for H2 2024, as follow:

 

Dividend Details (H2 2024)

Capital

SAR 1.12 bln

Number of Shares*

1.12 bln

Par Value

SAR 1 per share

Total Dividend

SAR 242.21 mln

Percentage of Capital

22% (or SAR 0.22 per share)

Record Date

March 10, 2025

Payment Date

March 24, 2025

 

Total Dividend (2024)

 

Total Dividend

SAR 479.71 mln

Percentage of Capital

43.6% (SAR 0.44 a share)

 *The number of shares entitled to dividends is 1.1 billion.
 

Treasury shares not entitled to dividends amount to 28.1 million to date, according to a Tadawul statement.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
24/02/2025 10/03/2025 24/03/2025 242.21 0.22
05/08/2024 15/09/2024 01/10/2024 237.50 0.22
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

17.80
0.48 2.77 %

Valuation Data (Latest Share Price)

P/E (TTM) 25.04
P/E Before Unusual Items (TTM) 22.01
P/BV 3.07
Dividend Yield 2.45 %
Market Cap. (M) 20,097.27
Return on Average Assets 3.97 %
Return on Average Equity 6.18 %

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